Mario Gabelli (Trades, Portfolio) is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors), a $30 billion global investment firm headquartered in Rye, New York. Forbes magazine's 2006 Forbes 400 rankings listed him as #346 on the list of wealthiest Americans and estimated his net worth at $1.0 billion.
On March 23, 2015, Mario Gabelli (Trades, Portfolio) bought 400,405 shares of Navistar (NAV), increasing his stake in the company to more than 6.5 million shares. Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc. and Navistar Financial Corporation. The company is an international manufacturer of International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses as well as a provider of service parts for trucks and diesel engines. The company also provides retail, wholesale and lease financing services for its trucks and parts. Continue Reading »